HEAD ENERGY SOLVE AS

5258 BLOMSTERDALEN

Finances

Share Ownership

Return on Equity

81,18 %

Current Ratio

1,27

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	120 357 000	75 704 000	48 746 000	60 480 000
Net Income	4 331 000	2 580 000	826 000	1 318 000
Total Assets	24 807 000	17 466 000	10 861 000	12 859 000
Total Equity	5 335 000	3 504 000	2 225 000	1 399 000

Income (NOK)	2022	2021	2020	2019
Revenue	120 357 000	75 704 000	48 746 000	60 480 000
Expenditure	114 949 000	72 406 000	47 684 000	58 757 000
Operating Profit	5 407 000	3 298 000	1 061 000	1 722 000
Financial Income	243 000	43 000	19 000	41 000
Financial Costs	98 000	34 000	22 000	74 000
Financial Balance	145 000	9 000	−3 000	−33 000
Earnings Before Tax	5 552 000	3 307 000	1 059 000	1 690 000
Tax	1 222 000	728 000	233 000	372 000
Net Income	4 331 000	2 580 000	826 000	1 318 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	37 000	0	58 000	176 000
Total Current Assets	24 770 000	17 466 000	10 803 000	12 683 000
Total Assets	24 807 000	17 466 000	10 861 000	12 859 000
Total Retained Equity	4 354 000	2 523 000	1 244 000	418 000
Total Equity	5 335 000	3 504 000	2 225 000	1 399 000
Total Long-Term Debt	0	176 000	0	0
Total Current Debt	19 472 000	13 785 000	8 636 000	11 460 000
Total Equity and Debt	24 807 000	17 466 000	10 861 000	12 859 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	120 357 000	75 704 000	48 746 000	60 480 000
Other Income	0	0	0	0
Revenue	120 357 000	75 704 000	48 746 000	60 480 000
Cost of Goods Sold	81 720 000	49 600 000	28 049 000	38 947 000
Salary Costs	20 726 000	15 970 000	15 293 000	14 659 000
Depreciation	0	0	133 000	200 000
Impairment	0	0	0	0
Expenditure	114 949 000	72 406 000	47 684 000	58 757 000
Operating Profit	5 407 000	3 298 000	1 061 000	1 722 000
Financial Income	243 000	43 000	19 000	41 000
Financial Costs	98 000	34 000	22 000	74 000
Financial Balance	145 000	9 000	−3 000	−33 000
Dividends	2 500 000	1 300 000	0	0
Net Income	4 331 000	2 580 000	826 000	1 318 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	133 000
Total Intangible Assets	37 000	0	58 000	176 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	37 000	0	58 000	176 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 485 000	555 000	596 000	689 000
Total Current Assets	24 770 000	17 466 000	10 803 000	12 683 000
Total Assets	24 807 000	17 466 000	10 861 000	12 859 000
Total Equity	5 335 000	3 504 000	2 225 000	1 399 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	176 000	0	0
Creditors	6 484 000	7 748 000	4 761 000	4 138 000
Unpaid Taxes	2 249 000	1 036 000	1 091 000	1 767 000
Dividends	2 500 000	1 300 000	0	0
Other Current Debt	6 804 000	3 208 000	2 536 000	5 389 000
Total Current Debt	19 472 000	13 785 000	8 636 000	11 460 000
Total Equity and Debt	24 807 000	17 466 000	10 861 000	12 859 000

Financial indicators	2022	2021	2020	2019
Return on Equity	81,18 %	73,63 %	37,12 %	94,21 %
Debt-to-Equity Ratio	0	0,05	0	0
Operating Profit Margin	4,49 %	4,36 %	2,18 %	2,85 %
Current Ratio	1,27	1,27	1,25	1,11
Quick Ratio	1,27	1,27	1,25	1,11
Equity Ratio	0,22	0,2	0,2	0,11
Gross Profit Margin	32,1 %	34,48 %	42,46 %	35,6 %